help me into oil and gas business

Am interested in oil and has and I don’t know how pls help me

New Member Asked on April 6, 2017 in Agriculture.
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2 Answer(s)

The cheapest wells I can think of drill these days run for 1 million dollars and take about 18-24 months to payback. Your going to need to be able to start with a significant amount of capital, at least 10-20 million dollars. The worst part is from an investment standpoint your going to be burning 500k to 1000k a year for g&a just to keep going. That and some of your initial capital will be required to build infrastructure and not drill which is what pays back.

The only business model that makes sense as a capital constrained company is an overhyped foreign country land block exploration play. I hope you have a management team of 4 people with 20 years of experience in oil and gas exploration! if you have a good capital you can start up

New Member Answered on April 8, 2017.
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Your question was too broad … are you interested in downstream or upstream? If for beginners please stick with local distribution of AGO or DPK, if you already have Customers then we can assist with supplies.

Return Member Answered on May 7, 2017.
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